Singapore

SG Khaw: Public housing programme on right track

Property Here - Wednesday, July 31, 2013

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Singapore’s public housing programme is moving on the right track, according to National Development Minister Khaw Boon Wan in a Facebook post.

Mr Khaw noted that the housing board introduced housing grants of up to S$60,000 for two-room flats in its latest Build-to-Order (BTO) exercise. The grants bring down the cost of the two-room flats to as little as S$16,000 for low-income families, while bringing the starting price of three-roomers to only S$115,000.

Citing the case of two families at Punggol Spectra who started out as rental flat tenants but now own their flats, Mr Khaw explained that he is looking out for the lower income group, to ensure they can afford to buy two- or three-room flats.

These are also the same anecdotes he shared with the President of Georgia, who was full of admiration for Singapore’s public housing programme during his recent visit to the country.